Increase in Customs Taxes Raises Retail Prices in Cambodia
Customs officers along Cambodia’s border have been instructed to increase their efforts to properly inspect and tax products coming into the country, which has increased the cost of imports and led to a rise in retail prices for a host of goods, government officials, businessmen ...
Aun Pheap and Colin Meyn
http://www.cambodiadaily.com/business/increase-in-customs-taxes-raises-retail-prices-in-cambodia-48461/
Cambodian PM meets foreign guest, ends rumors of stroke
Cambodian Prime Minister Hun Sen received a foreign guest at the capital’s Peace Palace on Monday morning, ending rumors that he had suffered a severe stroke. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-06/09/c_133394437.htm
Another Korean ministry says it didn’t help envoy
South Korea’s Ministry of Justice has become the second of that nation’s ministries to deny it is working with Cambodia’s ambassador to the country, Suth Dina, to clamp down on illegal migrants and political dissent. ...
Daniel de Carteret
http://www.phnompenhpost.com/national/another-korean-ministry-says-it-didnt-help-envoy
Chinese moot airline school
Chinese budget carrier Spring Airlines is in discussions with the government to open an airline pilot training school in Cambodia, as well as expand its flights to the Kingdom, and even start a tour company, according to an official from the national aviation authority. ...
Sok Chan
http://www.khmertimeskh.com/news/29636/chinese-moot-airline-school/
It’s back to school for real estate agents
The Cambodian Valuers and Estate Agents Association (CVEA) will set out a framework to build a professional training school by April to enable its agents to compete with those from other countries. ...
Sum Manet
http://www.khmertimeskh.com/news/22926/it---s-back-to-school-for-real-estate-agents/
ADB provides $180 million in loan for urban services in Cambodia
The Asian Development Bank (ADB) has approved a $180 million loan to help three cities in Cambodia improve urban infrastructure and boost economic competitiveness. ...
Khmer Times Staff
https://www.khmertimeskh.com/50973878/adb-provides-180-million-in-loan-for-urban-services-in-cambodia/
Cambodia earns $2.5 billion from tourism in 2013
Cambodia earned $2.5 billion from the tourism sector last year, a senior government official said Monday. Last year’s income from tourism accounted for around 16 percent of the nation’s gross domestic product and provided jobs directly to about 400,000 people, Sok An said. The Cambodian government ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/kyodo-news-international/140414/cambodia-earns-25-billion-tourism-2013
ADB projects Cambodia to grow at 5.8% in 2024
Rising tourism footfalls and strong manufacturing prospects will drive Cambodia’s economy to grow at the rate of 5.8 percent this year and six percent next year, according to the latest edition of the Asian Development Bank’s (ADB) flagship economic report, released yesterday. ...
Manoj Mathew
https://www.khmertimeskh.com/501471600/adb-projects-cambodia-to-grow-at-5-8-in-2024/
Government shortens lease time on land concessions
The government has announced a new review of economic land concessions, shortening the period of some from 99 years to 50, but watchdog groups say strict law enforcement of other legislation is also needed. ...
Socheata Hean
http://www.voacambodia.com/content/government-shortens-lease-time-on-land-concessions/2964663.html
After prison, Bopha undeterred
Shelving any thoughts that 14 months in prison had deterred her from protesting, Yorm Bopha rushed to the capital’s Borei Keila community yesterday morning to try to stop authorities from forcing evictees from an abandoned building. Bopha was one of about 10 Boeung Kak activists called ...
Phak Seangly, Khouth Sophak Chakrya and Shane Worrell
http://www.phnompenhpost.com/national/after-prison-bopha-undeterred
VN army concessions are ‘unconstitutional’
Opposition leader Sam Rainsy has levelled further criticism at the Vietnamese army’s alleged control of 40,000 hectares of economic land concessions (ELCs) in Ratanakkiri province, claiming that the grants are in violation of the Cambodian constitution. ...
Meas Sokchea
http://www.phnompenhpost.com/national/vn-army-concessions-are-unconstitutional
Textile manufacturer invests $20 million on expansion programme
TST Group Holding, the Taipei-listed major textile producer, has announced plans to expand its business operations in Cambodia to assist in the current lack of textiles imports because of the Novel Coronavirus. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50698579/textile-manufacturer-invests-20-million-on-expansion-programme
Kingdom on the agenda
Prime Minister Hun Sen attended a dinner with Swiss company executives in Zurich on Monday, where he invited investors to join the upcoming ASEAN World Economic Forum (WEF), which Cambodia will host for the first time in May. ...
Kali Kotoski
http://www.phnompenhpost.com/business/kingdom-agenda
PPSP refutes Singapore group’s power allegations
Cambodia Securities Exchange- (CSX-) listed Phnom Penh Special Economic Zone Plc (PPSP) refuted Singapore-based Asiatic Group (Holdings) Ltd’s (AGH) allegations over breaching a power plant joint venture (JV) agreement. ...
May Kunmakara
https://www.phnompenhpost.com/business/ppsp-refutes-singapore-groups-power-allegations
UK, private firms foster Koh Kong green SEZ project
The private sector has expressed support for the plan to establish a green special economic zone (SEZ) in Koh Kong province, viewing it as a role model for others to emulate. Cambodia currently utilises “almost 70%” clean energy nationwide. ...
May Kunmakara
https://www.phnompenhpost.com/business/uk-private-firms-foster-koh-kong-green-sez-project
ASEAN will emerge as new economic power: Malaysian PM
Malaysian Prime Minister Najib Razak said on Thursday that further integration in the Association of Southeast Asian Nations (ASEAN) will result in the emergence of a new economic power in the region. ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/asean-will-emerge-as-new-economic-power:-malaysian-pm-8182
Chinese universities jointly hold education exhibition in Cambodian capital
Twenty-two Chinese higher education institutions jointly held a one-day education exhibition here on Thursday with an aim to boost education cooperation between China and Cambodia and to attract more Cambodian students to study in China. The 2nd edition of China Higher Education Exhibition is held at ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=219804
GDT strives to unfold tax intricacies: official
A senior tax official pledged to facilitate all tax issues for Japanese investors currently investing or doing business in Cambodia to ensure things go smoothly, as part of a broader effort to create productive feedback channels, and improve transparency and operational efficiency, according to the ...
Hin Pisei
https://www.phnompenhpost.com/business/gdt-strives-unfold-tax-intricacies-official
MFIs watch rice loans
The country’s financial institutions are closely monitoring loans that have been made to rice farmers, who say that this year’s fall in rice prices will affect their ability to make repayments, industry officials said yesterday. Last year, farmers were paid around 840 riel ($0.21) per kilogram ...
May Kunmakara
http://www.khmertimeskh.com/news/30035/mfis-watch-rice-loans/
Five representatives of citizens detained by Battambang Provincial Court for violating private land economic concessions
Five out of six people’s representatives were remanded in custody on Friday, June 23, in connection with a case of encroachment on state-owned private land leased to the Rath Sambath Company in Ota Teak village, Ta Tok commune, Samlot district, Battambang province. ...